You are given the following spot exchange rates: $1 = 3 francs, $1 = 4 schillings, and
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$1 = 3 francs, $1 = 4 schillings, and 1 franc = 2 schillings. Ignoring transaction costs, how much profit could a person make via three-point arbitrage?
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Three Point Arbitrage is based on the concept of Relative Arbitrag...View the full answer
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